Bitcoin News

Bitcoin News

Markets

Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle

Bitcoin's market share of all cryptocurrencies rises to highest since April 2021.

BTC price on Oct. 17 (CoinDesk)

Tech

Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock

The "Unbroken Chain" fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin. Already the new group has bought an image of a rock for about $85,000.

https://ordiscan.com/collections

Markets

First Mover Americas: FTX Proposes Returning Up to 90% of Customer Funds

The latest price moves in crypto markets in context for Oct. 17, 2023.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Markets

Crypto Day Ahead: U.S. Retail Sales Data to Test Dollar Buoyancy

Soft data would challenge the "U.S. exceptionalism" story and may hurt the dollar, paving the way for a positive bitcoin price action.

Real world assets are increasingly being seen as a growth area in crypto and TradFi. (Claudio Schwarz/.Unsplash, modified by CoinDesk)

Markets

Bitcoin Above $28K Buoyed by California ‘BitLicense’ Bill Being Signed

The broader crypto market returned just over 1.24% on average in the past 24 hours, CoinDesk Market Index shows.

(Jared Schwitzke/Unsplash)

Markets

Bitcoin's Rising Dominance Rate Challenges Altcoin Boom From 2021

Bitcoin's dominance rate (index), which measures the top cryptocurrency's share in the total crypto market, touched a 2.5-year high of 52.45% on Monday.

Candle chart with moving average lines

Markets

Market Wrap: Bitcoin Hovers Above $28K After ETF Reports Prove False

Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI, and CPI Data.

(CoinDesk Indicies)

Finance

What’s Next for Grayscale, Spot Bitcoin ETF After SEC Declines to Appeal Court Loss?

One analyst believes SEC Chair Gary Gensler has little choice but to soon approve the long-awaited vehicle.

Grayscale ad (Nikhilesh De/CoinDesk)